{"id":20184,"date":"2017-02-28T10:49:20","date_gmt":"2017-02-28T05:19:20","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=20184"},"modified":"2017-02-28T10:49:20","modified_gmt":"2017-02-28T05:19:20","slug":"tuesday-28th-february-european-open-briefing","status":"publish","type":"post","link":"https:\/\/icm-cn-asia.com\/blog\/tuesday-28th-february-european-open-briefing\/","title":{"rendered":"Tuesday 28th February: European Open Briefing"},"content":{"rendered":"<h4>\n\t<strong>Global Markets:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tAsian stock markets: Nikkei rallied 0.60 %, Shanghai Composite gained 0.30 %, Hang Seng rose 0.05 %, ASX 200 up 0.10 %\n\t<\/li>\n<li>\n\t\tCommodities: Gold at $1254 (-0.40 %), Silver at $18.35 (-0.40 %), WTI Oil at $54.20 (+0.30 %), Brent Oil at $56.65 (+0.40 %)\n\t<\/li>\n<li>\n\t\tRates: US 10-year yield at 2.37, UK 10-year yield at 1.15, German 10-year yield at 0.20\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>News &amp; Data:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\tJapan Industrial Production (Jan Prelim) (MoM): 0.4% (prev 0.7%)\n\t<\/li>\n<li>\n\t\tJapan Industrial Production (Jan Prelim) (YoY): 4.3% (prev 3.2%)\n\t<\/li>\n<li>\n\t\tAustralia ANZ Roy Morgan Weekly Consumer Confidence (Feb 26): 119.1 (prev 113.7)\n\t<\/li>\n<li>\n\t\tAustralia New Home Sales Jan (MoM): -2.2% (prev 0.20%)\n\t<\/li>\n<li>\n\t\tAustralia Current Account Balance (Q4): -A$3.9b (prev -A$11.4b)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit Jan (MoM): 0.2% (prev 0.7%)\n\t<\/li>\n<li>\n\t\tAustralia Private Sector Credit Jan (YoY): 5.4% (prev 5.6%)\n\t<\/li>\n<li>\n\t\tNew Zealand Trade Balance (Jan): -285m (prev -41m)\n\t<\/li>\n<li>\n\t\tNew Zealand Money Supply M3 Jan (YoY): 6.4% (prev 6.4%)\n\t<\/li>\n<li>\n\t\tJapan Vehicle Production Jan (YoY): 3.8% (prev 4.2%)\n\t<\/li>\n<li>\n\t\tPBoC Fixes USDCNY Reference Rate At 6.8750 (prev fix 6.8814)\n\t<\/li>\n<\/ul>\n<h4>\n\t<strong>Markets Update:<\/strong><br \/>\n<\/h4>\n<p>\n\tThe markets have remained relatively quiet as traders and investors are looking forward to the speech by US President Trump this evening. Trump is expected to talk about his tax plan and infrastructure spending. His promises have helped to boost the equity markets in the past few months, and expectations are hence high.\n<\/p>\n<p>\n\tShould tonight&rsquo;s outcome be positive &ndash; meaning that the expectations of the market have been fulfilled &ndash; stocks are likely to rally further along with the US Dollar. However, should Trump be too vague or disappoint the market in general, the both equities and the USD are likely to come under pressure.\n<\/p>\n<p>\n\tUSD\/JPY rallied in yesterday&#39;s late NY session and reached a high of 112.80. Should it break above the resistance a 113, the next notable level lies at 113.80. EUR\/USD consolidated in a 1.0565-90 range in Asia, while GBP\/USD spent it in a 1.2420-40 range.\n<\/p>\n<h4>\n\t<strong>Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t07:45 GMT &#8211; French CPI\n\t<\/li>\n<li>\n\t\t07:45 GMT &#8211; French GDP\n\t<\/li>\n<li>\n\t\t10:00 GMT &#8211; Italian CPI\n\t<\/li>\n<li>\n\t\t13:30 GMT &#8211; US GDP\n\t<\/li>\n<li>\n\t\t14:45 GMT &#8211; US Chicago PMI\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US CB Consumer Confidence\n\t<\/li>\n<li>\n\t\t15:00 GMT &#8211; US Richmond Manufacturing Index\n\t<\/li>\n<li>\n\t\t20:00 GMT &#8211; FOMC Member Harker speaks\n\t<\/li>\n<li>\n\t\t20:30 GMT &#8211; FOMC Member Williams speaks\n\t<\/li>\n<li>\n\t\t21:00 GMT &#8211; US President Trump speaks\n\t<\/li>\n<li>\n\t\t22:30 GMT &#8211; Australian AIG Manufacturing Index\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian stock markets: Nikkei rallied 0.60 %, Shanghai Composite gained 0.30 %, Hang Seng rose 0.05 %, ASX 200 up 0.10 % Commodities: Gold at $1254 (-0.40 %), Silver at $18.35 (-0.40 %), WTI Oil at $54.20 (+0.30 %), Brent Oil at $56.65 (+0.40 %) Rates: US 10-year yield at 2.37, UK 10-year &hellip; <a href=\"https:\/\/icm-cn-asia.com\/blog\/tuesday-28th-february-european-open-briefing\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Tuesday 28th February: European Open Briefing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=20184"}],"version-history":[{"count":2,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20184\/revisions"}],"predecessor-version":[{"id":20186,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/20184\/revisions\/20186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/12469"}],"wp:attachment":[{"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=20184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=20184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icm-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=20184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}